Fractional share provider Flight Options’ business is growing at a healthy clip, the Cleveland, Ohio-based company announced yesterday. “We’re definitely seeing a significant increase in hours flown and customer utilization,” said Matt Doyle, executive vice president of sales and marketing. “We’re seeing folks are much more comfortable using their hours. On the business side, they’re using their airplanes to meet customers and clients and expand their business. On the personal side more folks are flying.”
Pre-owned Hawker 700/800/900s are currently “significantly undervalued,” Brian Proctor of business jet broker and consultancy Mente Group said today at the NBAA Aircraft Finance, Registration and Legal conference in Bonita Springs, Fla. He contends that prices of these aircraft could potentially double (from current values, depending on the specific model) soon after Hawker Beechcraft exits bankruptcy later this month.
328 Group acquired an FBO and business aircraft maintenance and repair station at London Biggin Hill Airport from Jet Aviation earlier this month. The facility has been renamed Jets (Biggin Hill) Ltd. The acquisition brings new aircraft maintenance capabilities to the 328 Group, including the Dassault Falcon 900, 2000 and 7X and Cessna Citation 525, 550 and 560, in addition to its existing services for the Bombardier Challenger 300, 601, 604 and 605; Learjet 45; Dornier 328; and Hawker 700, 800, 800XP, 850XP, 900XP, 950XP and 1000.
Cleveland Hopkins International Airport-based Constant Aviation has been named a top-10 dealer for Aircell products. The MRO surpassed $1.5 million in sales with Aircell for 2012.
GE Aviation has named Turkey’s MNG Jet an authorized service center for the CF34-3, which powers the large-cabin Bombardier Challengers (excluding the original 600 series). With this agreement, MNG Jet can perform line maintenance inspections and removal and replacement of engines and engine components.
Calgary, Alberta-based FlyHT Aerospace Solutions has received STC approval for its automated flight information reporting system (Afirs) 228 on several business aircraft types, including the Bombardier Challenger 870/890 and Hawker 750/800XP/850XP/900XP. STC approvals are in progress for the Boeing Business Jets BBJ1 and BBJ2, as well as the Airbus ACJ319/320/321.
BBA Aviation subsidiary Ontic is expanding its capabilities. At its center-of-excellence MRO facility in Houston, the aftermarket support company is adding services for Hawker Beechcraft’s line of King Airs. Among the services offered are repair and overhaul of the turboprop twin’s landing gear, flight controls and ancillary structures including airframe structural and sheet metal work. Other systems such as the environmental and pneumatic control, mechanical power transfer and oxygen containment and distribution are also included in the services menu.
With the new Beechcraft Corp. exiting the jet business when Hawker Beechcraft emerges from bankruptcy as a standalone company in the spring, the company sought to clarify its position with regard to warranties today at the NBAA Convention.
Late last night, Hawker Beechcraft announced that China-based Superior Aviation Beijing Co. has signed an “exclusivity agreement” to buy the whole U.S. aircraft manufacturer, minus its defense business. Hawker Beechcraft filed for U.S. Chapter 11 reorganization in May and just last week outlined a framework to exit this protection by year-end. Part of this plan included a potential sale, which is now the likely outcome.
As of mid-June the next hurdle for Hawker Beechcraft was the June 30 deadline to file its plan of reorganization with the U.S. Bankruptcy Court in Manhattan.
“The plan provides specific details regarding how the company plans to pay creditors and allow the business to be successful in the long term,” said an HBC spokeswoman.